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Avaelgo, an IT solutions provider based in Timisoara and one of the locally relevant partners of Microsoft, has received a "significant strategic investment" from IPS Solutions, a software group headquartered in Liechtenstein, which will see the Romanian company begin an expansion process, including into new markets.
Frech retailer Decathlon will open its first store of Arad on November 1 and thus reach a 30-unit network in Romania.
Bucur Obor (BUCU.RO), which manages the shopping center by the same name in Bucharest, posted RON16.5 million net profit in January-September 2023, 11.6% higher than in the year-ago period, the company said in its financial report to the Bucharest Stock Exchange.
Romanian executives forecast a period of stability in processing industry and services activity in the last three months of the year, in parallel with a moderate decrease in the number of constructions employees and rising prices in constructions and retail, in line with a survey by the country’s statistics board INS.
Ingka Investments, the investment arm of Ingka group, which owns the most IKEA stores, has acquired a 300 MWp photovoltaic park ready for construction in Dambovita county, with total investments topping EUR200 million.
Greek group PPC, which bought Enel Romania for EUR1.2 billion, has appointed Alessio Menegazzo as CEO and Country Manager.
SeedBlink, Europe’s tech-focused venture investment and equity management platform, is introducing a series of product enhancements as part of Fall Release. Platforma de investiţii în start-up-uri tech SeedBlink introduce o serie de instrumente care simplifică şi îmbunătăţesc procesele de acces şi înţelegere a investiţiilor pentru companiile europene şi acţionarii acestora. Ele sunt destinate fondatorilor, dar şi investitorilor, spun oficialii companiei
The number of insolvencies in Romania decreased by 7% year-over-year in the first eight months of 2023, but a return to the growth rate is expected in the coming months, the factors being both conjunctural and/or seasonal as well as structural, according to Allianz Trade's latest Global Insolvency Report.
Ropharma (RPH.RO), a pharmacy chain owned by entrepreneur Mihai Miron, said in a stock market report on October 26 that it had called its shareholders to vote on contracting a credit facility of EUR2 million from ING Bank.
CBRE, the global and national leader in commercial real estate services and investments, has launched the "Manufacturing Report 2023” which shows that production spaces are on an upward trend.
Romania’s general consolidated budget posted a deficit of RON56.46 billion in January-September 2023, or 3.55% of gross domestic product (GDP), as compared to a budget gap of RON41.70 billion (2.96% of GDP) reported in the same period of 2022, the finance ministry said on Thursday (October 26).
Five-star Radisson Blu in Cluj-Napoca, developed by Winners Park Invest and opened in June last year, had an average take-up of 65% in September and expects the same level for October.
Romanian state-run CEC Bank has signed a new agreement, of EUR105 million, with the European Investment Bank (EIB) to support small and medium-sized enterprises (SMEs) and mid-cap companies in order to boost their competitiveness and switch to a sustainable and green economy, within the Recovery and Resilience Facility (RRF RO) - Romania Member State Compartment.
Fondul Proprietatea (FP.RO) on Thursday notified the Bucharest Stock Exchange of having collected RON650 million, following completion of the sale of the sale of ENEL Romania. The fund had minority stakes in E-Distributie Muntenia, Enel Energie Muntenia, E-Distributie Dobrogea, E-Distributie Banat and ENEL Energie. The buyer was Greece’s PPC.
Romania's Finance Ministry raised RON1.09 billion from banks on Thursday (October 26), selling government paper in two auctions, at annual average yields of 6.65% and 7.18%.
The European Investment Fund (EIF) is granting Raiffeisen Bank Romania two guarantee schemes worth EUR400 million to fund the investments carried out by small and medium-sized enterprises (SMEs) on the Romanian market.
Czech Agrofert Group has bought the majority stake in Romanian company East Grain, through a share capital increase, which is the most significant foreign investment in the Romanian agribusiness sector over the last year.
CIS Gaz, a Romanian natural gas company, founded in 1990 by Sebastian Calugar in Mures county, is expanding further in Egypt, where it has signed a cooperation memorandum with Town Gas, a gas distribution company, on the basis of which they will jointly develop projects in the field of natural gas transportation.
OMV Petrom, Romania’s largest oil and gas company, on October 26, 2023, completed the process of delisting GDRs from the London Stock Exchange in the wake of low interest in their trading and additional costs related to presence on this bourse.
Financial analysts part of CFA Romania association say the state budget gap estimated for 2023 will reach 5.8% in GDP, the highest value registered in the CFA survey since the start of the year.19080 items